Federal Pell Grant Program Table of Contents

Introduction....................................................................................1

Chapter 1, Student Eligibility........................................................ 3

GENERAL FSA ELIGIBILITY REQUIREMENTS ........................................................................................ 3

PELL SPECIFIC REQUIREMENTS .............................................................................................................. 3

Undergraduate Student ..................................................................................................................................3
Eligible Postbaccalaureate Program ............................................................................................................4
Financial Aid History ........................................................................................................................................5

SPECIAL PROGRAMS ................................................................................................................................. 5

FINANCIAL NEED ........................................................................................................................................ 6

Professional Judgment & Reporting Changes ............................................................................................7

DOCUMENTING THE STUDENT’S ELIGIBILITY FOR PAYMENT ....................................................... 7

Output Documents ..........................................................................................................................................7
Signature Requirements..................................................................................................................................8
Record Keeping .................................................................................................................................................8
Deadlines ...........................................................................................................................................................8

Chapter 2, Calculating the Federal Pell Grant .......................... 11

DEFINITIONS ............................................................................................................................................. 11

CHOOSING A FORMULA ........................................................................................................................ 13

DETERMINING ENROLLMENT STATUS ............................................................................................... 15

CALCULATING THE COST OF ATTENDANCE .................................................................................... 21

DETERMINING THE ANNUAL AWARD ................................................................................................ 26

DETERMINING THE PAYMENT PERIODS ............................................................................................ 33

CALCULATING THE PAYMENT FOR A PAYMENT PERIOD ............................................................. 40

SUMMER TERMS ....................................................................................................................................... 47

CHECKING REMAINING ELIGIBILITY ................................................................................................... 49

Crossover Payment Periods ......................................................................................................................... 51
Transfer Students........................................................................................................................................... 51
Formula Summaries ...................................................................................................................................... 55
Chapter 3, Pell Reporting ........................................................... 61
OVERVIEW OF COD ................................................................................................................................. 61
Pell Software................................................................................................................................................... 61
PELL AUTHORIZATION ........................................................................................................................... 62

ORIGINATION RECORDS ........................................................................................................................ 62

DISBURSEMENT RECORDS .................................................................................................................... 66

REPORTING CHANGES TO COD ........................................................................................................... 67

Changes to Origination Record Information............................................................................................ 67
Changes to Disbursement Information ..................................................................................................... 68
Adjustments after September 30 ................................................................................................................ 70

INFORMATION REQUESTS ..................................................................................................................... 70

MRRs ............................................................................................................................................................... 70

REQUESTING FUNDS FROM GAPS ...................................................................................................... 72

Electronic Financial Interfaces .................................................................................................................... 72
Administrative Cost Allowance ................................................................................................................... 72

Chapter 4, Disbursing Pell Awards ............................................. 75

GENERAL FSA REQUIREMENTS ............................................................................................................ 75
Methods of Disbursement ............................................................................................................................ 75
Early Payment Option................................................................................................................................... 76
Notification of Payment ............................................................................................................................... 76
Late Disbursements ...................................................................................................................................... 76

REVIEWING STUDENT ELIGIBILITY...................................................................................................... 76

FIRST PAYMENT OPTIONS ..................................................................................................................... 77

Verification Exception ................................................................................................................................... 77

TIMING OF PAYMENTS ........................................................................................................................... 77

STUDENTS WHO WITHDRAW AND LATER RETURN ....................................................................... 78

Chaper 5, Recalculations and Overpayments ............................ 81

RECALCULATIONS ................................................................................................................................... 81
Change in the EFC ......................................................................................................................................... 81
Change in Enrollment Status....................................................................................................................... 82
Change in Cost of Attendance .................................................................................................................... 83

OVERPAYMENTS....................................................................................................................................... 84
Reporting Overpayments Collected ........................................................................................................... 85

PREVENTING OVERAWARDS ................................................................................................................ 86

Resources and Estimated Financial Assistance ........................................................................................ 86
NCAA Rules for Student Athletes ................................................................................................................ 86